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HR 3688 104th Congress House

401(k) Pension Protection Act of 1996

Official title: To require that 401(k)-type pension plans be subject to the same prohibited transaction rules that apply to traditional defined benefit pension plans.

Introduced: June 27, 1996 See on congress.gov
Labor and Employment Employee ownershipFinance and Financial SectorIncome taxInvestments
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Pension fundsTax-deferred compensation plansTaxation
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This bill died when the 104th Congress ended
It never became law before the 104th Congress (1995–1996) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 23, 1996
Sponsor introductory remarks on measure. (CR E1345)
Jul 8, 1996
Referred to the Subcommittee on Employer-Employee Relations.
Jun 20, 1996
Referred to the House Committee on Economic and Educational Opportunities.
Jun 20, 1996
Introduced in House
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 Latest action July 23, 1996

Sponsor introductory remarks on measure. (CR E1345)

 Plain-English summary Congressional Research Service

401(k) Pension Protection Act of 1996 - Amends the Employee Retirement Income Protection Act of 1974 (ERISA) to require that (Internal Revenue Code section) 401(k)-type pension plans be subject to the same prohibited transaction rules that apply to traditional defined benefit pension plans under ERISA.

Requires 401(k)-type plans (by extending such ERISA protections to them) to have diversified investments, and prohibits them from investing more than ten percent of their assets in securities and real property of the sponsoring employer.

 Related & companion bills 1
  • S 1837 Identical bill 401(k) Pension Protection Act of 1996
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 3
All 3 Democratic 2
D
Durbin, Richard J.
Illinois · Jul 31, 1996
 D
Thompson, Bennie G.
Mississippi · Jul 16, 1996
LIPINSKI, WILLIAM
· Jun 27, 1996
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3688: 401(k) Pension Protection Act of 1996. 104th Congress. Open America. https://openamerica.io/bill/104-HR-3688/
MLA
"H.R. 3688: 401(k) Pension Protection Act of 1996." 104th Congress, 2026, Open America, https://openamerica.io/bill/104-HR-3688/.
Bluebook (legal)
H.R. 3688, 104th Cong. (2026), https://openamerica.io/bill/104-HR-3688/.
Markdown link
[H.R. 3688: 401(k) Pension Protection Act of 1996](https://openamerica.io/bill/104-HR-3688/)
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